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Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, and satchels; accessories; and other smaller leather goods, such as wallets. The company was founded in 2017 and is based in Ta Khmau, the Kingdom of Cambodia. Kandal M Venture Limited operates as a subsidiary of DMD Ventures Limited.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures for Kandal M Venture Limited (NASDAQ: FMFC) are limited and the company's core business is not clearly described in readily available filings. Long-term growth drivers will depend on the business strategy disclosed in future SEC filings and any successful capital deployment or acquisitions, which could support scalable revenue if execution is demonstrated.
Major risks include limited disclosure and unclear operating history, thin trading liquidity and high volatility, governance and regulatory uncertainty for an offshore issuer, and execution or financing shortfalls.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
| Income before tax | 0.43M | 0.23M | 1.30M | 0.86M |
| Net income | 0.24M | 0.21M | 1.12M | 0.74M |
| Selling general administrative | 2.68M | 2.65M | 1.61M | 1.60M |
| Selling and marketing expenses | 0.25M | 0.30M | 0.24M | 0.23M |
| Gross profit | 3.24M | 3.36M | 3.37M | 2.81M |
| Reconciled depreciation | 0.27M | 0.26M | 0.27M | 0.31M |
| Ebit | 0.57M | 0.81M | 1.70M | 1.04M |
| Ebitda | 0.83M | 1.07M | 1.97M | 1.35M |
| Depreciation and amortization | 0.27M | 0.26M | 0.27M | 0.31M |
| Operating income | 0.32M | 0.37M | 1.48M | 0.99M |
| Other operating expenses | 16.81M | 16.81M | 12.49M | 12.48M |
| Interest expense | 0.13M | 0.58M | 0.40M | 0.19M |
| Tax provision | 0.19M | 0.02M | 0.18M | 0.11M |
| Interest income | 0.23M | 0.37M | 0.17M | 0.01M |
| Net interest income | 0.10M | -0.21M | -0.24M | -0.17M |
| Income tax expense | 0.19M | 0.02M | 0.18M | 0.11M |
| Total revenue | 17.13M | 17.19M | 13.97M | 13.47M |
| Total operating expenses | 2.92M | 2.98M | 1.89M | 1.82M |
| Cost of revenue | 13.89M | 13.83M | 10.60M | 10.66M |
| Total other income expense net | 0.11M | -0.15M | -0.18M | -0.13M |
| Net income from continuing ops | 0.24M | 0.21M | 1.12M | 0.74M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
| Total assets | 11.21M | 10.07M | 10.18M | 5.89M |
| Other current assets | 0.12M | 0.91M | 0.32M | 0.09M |
| Total liab | 3.16M | 9.69M | 10.01M | 6.84M |
| Total stockholder equity | 8.05M | 0.38M | 0.17M | -0.95M |
| Other current liab | 0.84M | 1.68M | 0.35M | 3.45M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 3.11M | 2.87M | 2.66M | 1.54M |
| Cash | 3.58M | 0.10M | 0.24M | 0.36M |
| Total current liabilities | 3.16M | 9.60M | 5.48M | 5.99M |
| Current deferred revenue | 0.21M | 0.17M | 0.46M | 0.10M |
| Net debt | -3.50M | 5.15M | 7.19M | 0.76M |
| Short term debt | 0.09M | 5.17M | 2.90M | 0.30M |
| Short long term debt | - | 5.09M | 2.82M | 0.23M |
| Short long term debt total | 0.09M | 5.26M | 7.43M | 1.12M |
| Other stockholder equity | 7.44M | - | - | - |
| Total current assets | 8.24M | 9.39M | 9.27M | 4.75M |
| Long term investments | 2.50M | - | - | - |
| Short term investments | - | 0.07M | 0.07M | 0.07M |
| Net receivables | 1.98M | 6.73M | 6.91M | 0.92M |
| Long term debt | - | - | 4.36M | 0.58M |
| Inventory | 2.55M | 1.65M | 1.80M | 3.39M |
| Accounts payable | 1.99M | 2.57M | 1.65M | 2.12M |
| Accumulated other comprehensive income | -2.49M | -2.49M | -2.49M | -2.49M |
| Non current assets total | 2.97M | 0.68M | 0.91M | 1.14M |
| Capital lease obligations | 0.09M | 0.17M | 0.24M | 0.31M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
| Investments | -2.50M | -0.58M | -0.25M | -0.01M |
| Total cashflows from investing activities | -2.63M | -0.58M | -0.25M | -0.01M |
| Net borrowings | -0.85M | -2.09M | 2.52M | -3.28M |
| Total cash from financing activities | 8.00M | -1.69M | -3.01M | -1.92M |
| Net income | 0.43M | 0.23M | 1.30M | 0.86M |
| Change in cash | 3.48M | -0.13M | -0.13M | 0.24M |
| Begin period cash flow | 0.10M | 0.24M | 0.36M | 0.12M |
| End period cash flow | 3.58M | 0.10M | 0.24M | 0.36M |
| Total cash from operating activities | -1.88M | 2.13M | 3.14M | 2.17M |
| Issuance of capital stock | 8.01M | - | - | - |
| Depreciation | 0.27M | 0.26M | 0.27M | 0.31M |
| Other cashflows from investing activities | -0.10M | -0.57M | -0.23M | - |
| Dividends paid | 0.00M | 0.00M | 0.00M | 0.00M |
| Change to inventory | -0.86M | 0.15M | 1.52M | 0.29M |
| Change to account receivables | -0.47M | -0.66M | -0.11M | 0.69M |
| Other cashflows from financing activities | 0.84M | 0.40M | -5.53M | 1.32M |
| Capital expenditures | 0.04M | 0.02M | 0.02M | 0.01M |
| Change in working capital | -2.20M | 1.45M | 1.36M | 1.03M |
| Other non cash items | -0.39M | 0.20M | 0.21M | -0.02M |
| Free cash flow | -1.92M | 2.12M | 3.12M | 2.16M |
Sector: Consumer Cyclical Industry: Footwear & Accessories
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FMFC Kandal M Venture Limited |
-0.16 6.04% |
2.49 | 19.63 | - | 0.21 | 0.45 | 0.01 | 0.13 |
| NKE Nike Inc |
0.97 2.53% |
39.56 | 31.59 | 32.68 | 3.59 | 13.23 | 3.66 | 28.05 |
| ADDDF Adidas AG |
9.66 5.08% |
200.00 | 18.41 | 11.59 | 1.12 | 4.23 | 1.13 | 8.94 |
| ADDYY Adidas AG ADR |
2.53 2.62% |
99.03 | 18.35 | 11.53 | 1.10 | 4.21 | 1.13 | 8.94 |
| ASCCY Asics Corp ADR |
1.53 4.92% |
32.60 | 33.36 | 29.24 | 0.03 | 12.03 | 4.01 | 19.16 |
Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, and satchels; accessories; and other smaller leather goods, such as wallets. The company was founded in 2017 and is based in Ta Khmau, the Kingdom of Cambodia. Kandal M Venture Limited operates as a subsidiary of DMD Ventures Limited.
| Name | Title | Year Born |
|---|---|---|
| Mr. Yi Feng Kwok | Chief Financial Officer | 1991 |
| Mr. Ngee Woon Lim | Compliance Officer | 1967 |
| Mr. Yui Kwong Fok | CEO & Executive Director | NA |
| Mr. Yui Kwong Fok | CEO & Executive Director | 1972 |
| Mr. Tai Mau Lam | Chief Financial Officer | 1973 |
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